Business Directories

The indebted Kuwaiti shareholder of British luxury carmaker Aston Martin has persuaded just under a third of its creditors to accept a debt restructuring deal that offers them shares in a portfolio of its assets, its financial advisor said.

Gold was little changed on Wednesday, marking time after US lawmakers gave renewed assurances that a deal to avert a US default was within reach.
Officials said late on Tuesday an agreement to lift the government's $16.7 trill

Dubai property firm Limitless, which reached a restructuring agreement with creditors on a $1.2 billion loan last week, will repay debt due to bank creditors by 2016, the indebted firm's chairman said on Sunday.

Dubai property firm Limitless, which reached a restructuring agreement with creditors on a $1.2 billion loan last week, will repay debt due to bank creditors by 2016, the indebted firm's chairman said on Sunday.

Indebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956 million debt deal with lenders, according to al-Khaleej newspaper on Thursday.
The Arabic-language daily, citing an unnamed senior banking

Dubai Holding today announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately $2.5 billion of liabilities.
Under the ter

Abu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday.
Al Jaber, a family-owned

Dubai's ship building unit Drydocks World has secured the necessary level of support from its syndicated lenders to implement the restructuring of its $2.2 billion debt, the company said in a statement on Saturday.
The Dubai World unit

Greece's prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.
A t

Greece's government made another push on Saturday to hammer out a deal with foreign lenders on a 130 billion euro bailout before turning to the trickier task of convincing wary political leaders to back the additional painful reforms involved.